Watchman Group, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Watchman Group, Inc. reported 77 stock positions worth $418.9 million. Its top holding was Simplify MBS ETF (MTBA) at 10.0% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 8.8%) and Applied Finance Valuat ETF (VSLU, 7.1%). Compared with Q3 2025, it opened 4 new positions, sold out of 5, added to 22 and reduced 39. The biggest buy was a new position in Cava (CAVA) and the biggest sale an exit from Generac (GNRC).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001748726
- Portfolio Value
- $418.9M (Q4 2025)
- SEC Filing
- 0002085853-26-000210 ↗ filed Feb 6, 2026
Holdings Value
Holdings 77 stocks · $418.9M
| MTBA Simplify MBS ETF | 10.00% | 831,220 | $41.9M | Add +6.5% |
| DFAC Dimensional US Core Equity 2 | 8.79% | 930,471 | $36.8M | Reduce -0.1% |
| VSLU Applied Finance Valuat ETF | 7.06% | 668,263 | $29.6M | Add +5.2% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 6.96% | 812,081 | $29.2M | Add +1.0% |
| TLH iShares 10-20 Year Treasury | 6.28% | 258,903 | $26.3M | Add +2.5% |
| DFAT Dimensional US Target Value | 6.15% | 432,662 | $25.8M | Add +0.1% |
| FBND Fidelity Total Bond ETF | 4.52% | 411,541 | $18.9M | Add +11.3% |
| DFIC Dimensional International Co. | 3.49% | 423,675 | $14.6M | Add +0.6% |
| DFEM Dimensional Emrg MRKT Core | 2.67% | 337,858 | $11.2M | Reduce -1.9% |
| FRDM Freedom 100 Emeging MRKT ETF | 2.28% | 186,331 | $9.6M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 1.91% | 25,431 | $8.0M | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.79% | 14,932 | $7.5M | Reduce -0.6% |
| TSLA Tesla Inc. | 1.73% | 16,077 | $7.2M | Reduce -2.5% |
| APH Amphenol Corp. Class A | 1.62% | 50,348 | $6.8M | Reduce -9.7% |
| IJH iShares Core S&P Midcap ETF | 1.52% | 96,563 | $6.4M | Reduce -16.8% |
| MSFT Microsoft Corp. | 1.51% | 13,067 | $6.3M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 1.50% | 20,013 | $6.3M | Reduce -4.9% |
| SYK Stryker Corp. | 1.27% | 15,088 | $5.3M | Reduce -3.6% |
| V Visa Inc. Class A | 1.21% | 14,504 | $5.1M | Reduce -0.5% |
| MKL Markel Group Inc. | 1.17% | 2,280 | $4.9M | Reduce -1.8% |
| CMI Cummins Inc. | 1.12% | 9,156 | $4.7M | Reduce -18.7% |
| GD General Dynamics Corp. | 1.11% | 13,829 | $4.7M | Reduce -5.3% |
| AMZN Amazon.com Inc. | 1.09% | 19,791 | $4.6M | Reduce -0.4% |
| CVCO Cavco Industries Inc. | 1.09% | 7,721 | $4.6M | Reduce -4.5% |
| WAB Wabtec Corp. | 1.07% | 21,003 | $4.5M | Reduce -2.9% |
| INTU Intuit Inc. | 1.06% | 6,722 | $4.5M | Reduce -2.5% |
| SGOV iShares 0-3 Month Treasury B | 1.03% | 42,980 | $4.3M | Reduce -17.1% |
| CSL Carlisle Cos Inc. | 1.01% | 13,187 | $4.2M | Add +1.9% |
| PCAR Paccar Inc. | 1.00% | 38,267 | $4.2M | Reduce -2.2% |
| DHI D.R. Horton Inc. | 0.93% | 27,173 | $3.9M | Reduce -0.8% |
| ACN Accenture PLC Class A | 0.93% | 14,461 | $3.9M | Add +3.8% |
| LOW Lowe's Cos Inc. | 0.89% | 15,497 | $3.7M | Reduce -0.8% |
| UBER Uber Technologies Inc. | 0.89% | 45,439 | $3.7M | Reduce -0.3% |
| A Agilent Technologies Inc. | 0.86% | 26,494 | $3.6M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.80% | 5,076 | $3.4M | Reduce -0.2% |
| UFPI Ufp Industries Inc. | 0.78% | 35,814 | $3.3M | Reduce -7.0% |
| CAVA Cava Group Inc. | 0.75% | 53,707 | $3.2M | New |
| NXPI NXP Semiconductors NV | 0.73% | 14,185 | $3.1M | Add +0.7% |
| AMD Advanced Micro Devices | 0.73% | 14,270 | $3.1M | New |
| FFIN First Finl Bankshares Inc. | 0.70% | 98,002 | $2.9M | Reduce -8.6% |
| RMD Resmed Inc. | 0.68% | 11,830 | $2.8M | Reduce -2.7% |
| NVR NVR Inc. | 0.67% | 387 | $2.8M | Add +0.8% |
| SSGA ACTIVE TR | 0.65% | 62,823 | $2.7M | Add +1.4% |
| IUSG iShares Core S&P U.S. Growth | 0.62% | 15,379 | $2.6M | Reduce -5.5% |
| TPL Texas Pacific Land Corp. | 0.59% | 8,584 | $2.5M | Add +959.8% |
| SFBS Servisfirst Bancshares Inc. | 0.58% | 33,926 | $2.4M | Add +5.1% |
| USFR Wisdomtree Floating Rate Tre | 0.52% | 43,675 | $2.2M | Add +86.7% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.31% | 13,552 | $1.3M | Reduce -3.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.30% | 11,105 | $1.3M | Reduce -5.7% |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,415 | $887K | No change |
| WMT Walmart Inc. | 0.21% | 7,849 | $874K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.19% | 16,168 | $813K | Reduce -60.7% |
| AVDE Avantis International Equity | 0.17% | 8,638 | $711K | New |
| IHI iShares U.S. Medical Devices | 0.17% | 11,380 | $707K | No change |
| AAPL Apple Inc. | 0.16% | 2,467 | $671K | Add +1.1% |
| RAVE Rave Restaurant Group Inc. | 0.14% | 182,800 | $603K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.14% | 1,250 | $601K | No change |
| BTCO Invsco GLXY BTCN ETF | 0.13% | 6,210 | $541K | Add +99.1% |
| AFL Aflac Inc. | 0.12% | 4,385 | $484K | Add +0.1% |
| VRSK Verisk Analytics Inc. | 0.12% | 2,155 | $482K | Reduce -2.9% |
| VEA Vanguard Ftse Developed ETF | 0.11% | 7,458 | $466K | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 0.11% | 662 | $453K | Add +9.4% |
| REI Ring Energy Inc. | 0.10% | 500,000 | $435K | No change |
| JNJ Johnson & Johnson | 0.09% | 1,921 | $398K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 5,052 | $389K | Add +1.5% |
| NVDA Nvidia Corp. | 0.08% | 1,785 | $333K | Reduce -12.9% |
| IWD iShares Russell 1000 Value E | 0.08% | 1,558 | $328K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 959 | $322K | Reduce -19.0% |
| YUM Yum! Brands Inc. | 0.07% | 2,077 | $314K | Reduce -8.7% |
| KO The Coca-Cola Co. | 0.07% | 4,308 | $301K | No change |
| XOM Exxon Mobil Corp. | 0.07% | 2,337 | $281K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.07% | 3,527 | $278K | No change |
| MCD McDonald's Corp. | 0.06% | 852 | $260K | Reduce -22.7% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 1,181 | $260K | Reduce -2.5% |
| HD Home Depot Inc. | 0.06% | 694 | $239K | Reduce -14.7% |
| IUSV iShares Core S&P U.S. Value | 0.05% | 2,138 | $219K | No change |
| BKLC BNY Mellon US LRG Cap Cor | 0.05% | 1,653 | $216K | New |
Portfolio Sells Q3 2025 → Q4 2025
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −1.06 |
| CFR Cullen/Frost Bankers Inc. | Sold out | 0.00% | −0.80 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.71 |
| IJH iShares Core S&P Midcap ETF | Reduce -16.8% | 1.52% | −0.31 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -60.7% | 0.19% | −0.31 |
| SGOV iShares 0-3 Month Treasury B | Reduce -17.1% | 1.03% | −0.23 |
| UBER Uber Technologies Inc. | Reduce -0.3% | 0.89% | −0.19 |
| DHI D.R. Horton Inc. | Reduce -0.8% | 0.93% | −0.19 |
| FFIN First Finl Bankshares Inc. | Reduce -8.6% | 0.70% | −0.17 |
| MSFT Microsoft Corp. | Reduce -2.5% | 1.51% | −0.17 |
| SYK Stryker Corp. | Reduce -3.6% | 1.27% | −0.14 |
| RMD Resmed Inc. | Reduce -2.7% | 0.68% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.80% | −0.10 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.10 |
| GD General Dynamics Corp. | Reduce -5.3% | 1.11% | −0.09 |
| UFPI Ufp Industries Inc. | Reduce -7.0% | 0.78% | −0.09 |
| INTU Intuit Inc. | Reduce -2.5% | 1.06% | −0.08 |
| SMMU PIMCO SHRT TRM Muni BND ETF | Sold out | 0.00% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -0.8% | 0.89% | −0.06 |
| TSLA Tesla Inc. | Reduce -2.5% | 1.73% | −0.05 |
| CVCO Cavco Industries Inc. | Reduce -4.5% | 1.09% | −0.05 |
| APH Amphenol Corp. Class A | Reduce -9.7% | 1.62% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 1.79% | −0.04 |
| CMI Cummins Inc. | Reduce -18.7% | 1.12% | −0.04 |
| IUSG iShares Core S&P U.S. Growth | Reduce -5.5% | 0.62% | −0.03 |
| HD Home Depot Inc. | Reduce -14.7% | 0.06% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -5.7% | 0.30% | −0.02 |
| VRSK Verisk Analytics Inc. | Reduce -2.9% | 0.12% | −0.02 |
| MCD McDonald's Corp. | Reduce -22.7% | 0.06% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -19.0% | 0.08% | −0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -3.9% | 0.31% | −0.01 |
| NVDA Nvidia Corp. | Reduce -12.9% | 0.08% | −0.01 |
| YUM Yum! Brands Inc. | Reduce -8.7% | 0.07% | −0.01 |
| DFEM Dimensional Emrg MRKT Core | Reduce -1.9% | 2.67% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.5% | 0.06% | −0.00 |
| V Visa Inc. Class A | Reduce -0.5% | 1.21% | +0.01 |
| WAB Wabtec Corp. | Reduce -2.9% | 1.07% | +0.02 |
| A Agilent Technologies Inc. | Reduce -2.0% | 0.86% | +0.02 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 1.09% | +0.03 |
| PCAR Paccar Inc. | Reduce -2.2% | 1.00% | +0.07 |
| DFAC Dimensional US Core Equity 2 | Reduce -0.1% | 8.79% | +0.09 |
| MKL Markel Group Inc. | Reduce -1.8% | 1.17% | +0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -4.9% | 1.50% | +0.26 |
| GOOG Alphabet Inc. Class C | Reduce -2.6% | 1.91% | +0.37 |
Portfolio Buys Q3 2025 → Q4 2025
| CAVA Cava Group Inc. | New | 0.75% | +0.75 |
| AMD Advanced Micro Devices | New | 0.73% | +0.73 |
| TPL Texas Pacific Land Corp. | Add +959.8% | 0.59% | +0.53 |
| VSLU Applied Finance Valuat ETF | Add +5.2% | 7.06% | +0.50 |
| MTBA Simplify MBS ETF | Add +6.5% | 10.00% | +0.49 |
| FBND Fidelity Total Bond ETF | Add +11.3% | 4.52% | +0.38 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +0.6% | 2.28% | +0.29 |
| USFR Wisdomtree Floating Rate Tre | Add +86.7% | 0.52% | +0.24 |
| AVDE Avantis International Equity | New | 0.17% | +0.17 |
| DFIC Dimensional International Co. | Add +0.6% | 3.49% | +0.14 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +1.0% | 6.96% | +0.12 |
| ACN Accenture PLC Class A | Add +3.8% | 0.93% | +0.09 |
| DFAT Dimensional US Target Value | Add +0.1% | 6.15% | +0.06 |
| BKLC BNY Mellon US LRG Cap Cor | New | 0.05% | +0.05 |
| BTCO Invsco GLXY BTCN ETF | Add +99.1% | 0.13% | +0.04 |
| CSCO Cisco Systems Inc. | Add +1.5% | 0.09% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +9.4% | 0.11% | +0.01 |
| AAPL Apple Inc. | Add +1.1% | 0.16% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.6% | 0.11% | +0.00 |
| AFL Aflac Inc. | Add +0.1% | 0.12% | −0.00 |
| SSGA ACTIVE TR | Add +1.4% | 0.65% | −0.01 |
| TLH iShares 10-20 Year Treasury | Add +2.5% | 6.28% | −0.01 |
| CSL Carlisle Cos Inc. | Add +1.9% | 1.01% | −0.02 |
| NXPI NXP Semiconductors NV | Add +0.7% | 0.73% | −0.04 |
| SFBS Servisfirst Bancshares Inc. | Add +5.1% | 0.58% | −0.05 |
| NVR NVR Inc. | Add +0.8% | 0.67% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 73 | $447.4M | MTBA, DFAC, TMSL, VSLU, DFAT |
| Q1 2026 | 73 | $413.2M | MTBA, DFAC, VSLU, TMSL, TLH |
| Q4 2025 | 77 | $418.9M | MTBA, DFAC, VSLU, TMSL, TLH |
| Q3 2025 | 78 | $413.1M | MTBA, DFAC, TMSL, VSLU, TLH |
| Q2 2025 | 77 | $383.6M | MTBA, DFAC, TMSL, TLH, VSLU |
| Q1 2025 | 80 | $356.8M | MTBA, DFAC, TMSL, DFAT, VSLU |
| Q4 2024 | 84 | $380.8M | SHY, DFAC, MTBA, DFAT, TMSL |
| Q3 2024 | 81 | $383.6M | SHY, DFAC, MTBA, DFAT, TMSL |
| Q2 2024 | 79 | $313.2M | DFAC, SHY, MTBA, DFAT, DFEM |
| Q1 2024 | 83 | $330.9M | DFAC, TBLL, BSV, DFAT, DFIC |